If the Government Removes a Binding Price Floor from a Market

question 167

Multiple Choice

If the government removes a binding price floor from a market, then the price paid by buyers will

• A)increase, and the quantity sold in the market will increase.
• B)increase, and the quantity sold in the market will decrease.
• C)decrease, and the quantity sold in the market will increase.
• D)decrease, and the quantity sold in the market will decrease.

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Definitions:

Counterconditioning Techniques

Methods used in behavioral therapy to reduce unwanted behaviors by associating them with positive stimuli.

Mary Cover Jones

An early psychologist known for her work in desensitization and conditioning, often considered the "mother of behavior therapy."

Behavioral Psychologist

A professional in psychology who focuses on understanding and modifying behavior through learning theory and behavior analysis.

Behavior Therapy

A form of psychotherapy that aims to change undesirable behaviors through conditioning techniques.